The US Dollar faces another week of high-impact economic data releases that stand to sway Fed rate cut bets and drive USD price action - here's where the greenback could head next.
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Friday, 27 September 2019
Dow Jones Drops on Report US May Limit Investment in China
The Dow Jones quickly turned from green to red after a report was released that the White House may limit portfolio exposure to China in what amounts to a new angle in the US-China trade war.
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USD/CAD Weighed Down Despite Crude Oil Prices Returning to Symmetrical Triangle
The lack of an immediate global growth slowdown on the back of a Saudi oil supply shock has given room for risk appetite to rebound, benefiting the commodity currencies.
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US Dollar Price Outlook: EUR/USD, GBP/USD, USD/CAD, AUD/USD
The US Dollar is putting in a strong breakout as the Q3 close approaches, but can buyers sustain the move through Q4 of this year, or is this yet another trap of USD-strength?
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Sterling (GBP) on the Ropes after Dovish BoE Rate Talk
Sterling fell through 1.2300 against the US dollar in early trade after a member of the Bank of England’s MPC warned that UK interest rates may move lower, deal or no-deal.
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EUR/USD Price Breaks Through Support, Eyeballs Lower Levels
The Euro continues to weaken against a range of currencies with EURUSD now down at lows last seen in May 2017.
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Crude Oil Prices May Fall as US PCE Data Cools Fed Rate Cut Bets
Crude oil prices may fall as an uptick in the Fed’s preferred measure of inflation cools rate cut speculation and sours the mood across financial markets.
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Thursday, 26 September 2019
US Dollar May Rise if PCE, Income Data Cools Fed Rate Cut Bets
The US Dollar may rise at the expense of equity markets if key US data beats forecasts, cools Fed rate cut bets and sours hope for aggressive easing.
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US Dollar May Rise vs PHP, MYR. Malaysia Stays in Key Bond Index
The US Dollar may rise versus the Philippine Peso, Malaysian Ringgit despite the BSP cooling rate cut bets and FTSE Russell keeping Malaysian debt in the World Government Bond Index.
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US Dollar, London Increase Currency Market Dominance, Yuan Stagnates
The politics of the US and UK may be starkly divided but their grip on the vast, $6.6 trillion global foreign exchange trade seems as tight as ever.
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AUD/NZD Staging Reversal, US Dollar Shrugs Repo Liquidity Crunch
The New Zealand Dollar may be staging a larger reversal against the Australian Dollar. Meanwhile, the US Dollar shrugged off liquidity woes amid the latest Fed repo operation.
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US Dollar Price Volatility Report: Core PCE Data to Drive USD
The US Dollar has been on a tear this week, but USD price action faces major event risk with inflation and durable goods data on deck for release on Friday.
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Fed Commentary Begins to Reflect Less Appetite for Easing Going Forward
After two rate cuts this year the expectations for continued easing from the Federal Reserve has decreased since hitting a high in August
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US Dollar Rally Pushes Towards Fresh 2019 Highs - Key Levels for DXY Index & USD/JPY
Soft Fed rate cut odds coupled with rising expectations for more easing elsewhere are helping prop up the DXY Index.
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Strait of Hormuz: The World's Most Important Oil Chokepoint
With over a third of global seaborne crude oil and a fifth of oil traded worldwide flowing through the Strait of Hormuz, this narrow nautical channel may be the world’s most important chokepoint.
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Euro Bounces Frome Critical Support, NZD/USD Outperforms - US Market Open
Euro finds support from 2019 low yet again at 1.0925, subsequently forming a triple bottom. New Zealand Dollar flying high on RBNZ and short-covering.
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Gold Technical Outlook: Gold Prices Snap Back Ahead of Q4 Open
The bullish trend in Gold prices is on the back foot as Q3 nears its end. But how aggressively can sellers push against this well-built topside theme?
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EUR/USD Support Under Heavy Pressure, Eyes a Gap Lower Down
The Euro remains under selling pressure and is heading back towards levels last seen in mid-2017. And in the background, the ECB is now looking for a new executive board member after a sudden resig...
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Japanese Yen Price Outlook: USD/JPY, EUR/JPY Risk of Lower Levels
The Japanese Yen could stand to gain amid the current backdrop of political instability with the UK, alongside trade tensions with China and the EU.
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US Dollar Eyes US GDP Data: Will the Report Boost Fed Rate Cut Bets?
The US Dollar and equity markets will be closely watching the publication of GDP data after this week’s consumer confidence report painted a gloomy picture.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...